| Where has the money gone? 03:01 - Feb 3 with 11138 views | mattyboy32 |
This is my first post on this site and with recent evens wanted to know where fans think the money we have earned from are transfer dealings over the years have gone. Personally I think this little quote about mr.leviens acquisition sums it all up.
“In 2012, Erick Thohir and Jason Levien purchased the club and its holding company, with Chang remaining as a minority investor. Their efforts are primarily focused on getting United a new stadium and enhancing the four-time MLS champions”
We were never the club going to the next level we were just the piggy bank in this scheme. Their new stadium would cost over $400 million with them funding about $100million and rest would be loaned to them by city of dc. These talks for this deal started in January 2015 so how would a club loitering round the lower end of the mls afford this. So Levien got some investors to help get a relatively cheap club in the richest league in the world and then feed them lies for a tidy income machine
The yanks have always wanted money they got data analysis to help them find players to flip for profit so it could be used through loopholes in the system to benefit dc united. Now we have been relegated thy are just asset stripping to fund dc united. Is it a coincidence in August this year Levien bought the rest of thonirs ownership and appointed Kaplan as a co-chairman and announced that theonsortium that bought us as the new ownership group.
It seems so funny how this has all happened in a short period of 4 years and we never seen any high profile signings like Wayne Rooney or investment in the stadium to the level of dc united and no signs or messages from the owners because they don’t give a monkey about us.
I think we should not chant to get rid of these owners next saturday we need to chant for our money back that belongs to us not some other team that wants to get better by milking a smaller more profitable team of its hard earned cash that should have reinvested into itself. Rant over what are your thoughts?😂
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| Where has the money gone? on 15:03 - Feb 3 with 1879 views | jacktheripper |
| Where has the money gone? on 12:26 - Feb 3 by Elmo |
The Trust sees the Management Accounts.
Can we not get some clarity from the Trust at this point ? |
The Trust havent seen the accounts since June |  | | |
| Where has the money gone? on 17:35 - Feb 3 with 1800 views | Flashberryjack |
| Where has the money gone? on 15:03 - Feb 3 by jacktheripper |
The Trust havent seen the accounts since June |
Why not ? |  |
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| Where has the money gone? on 17:38 - Feb 3 with 1791 views | longlostjack |
That is the question. |  |
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| Where has the money gone? on 17:44 - Feb 3 with 1777 views | Elmo |
| Where has the money gone? on 15:03 - Feb 3 by jacktheripper |
The Trust havent seen the accounts since June |
Apparently they have - see the post by Uxbridge below (if link doesnt work: page 2 of the Trust Statement on Transfer Window thread, on friday evening)
Trust Statement on Transfer Window by Darran 1 Feb 2019 12:23Now that the transfer window has closed, the Trust notes with disappointment the fact that three players, Wilfried Bony, Jefferson Montero and Tom Carroll, have left with no replacements coming the other way to strengthen Graham Potter’s squad. It seems though that it could have been much worse, with the clear desire within the club to also move on Dan James and Leroy Fer. The Trust is relieved and pleased that both James and Fer are still Swansea City players, at least for now.
The Trust’s frustration is not that players have been allowed to leave but that there has been no effort to bring in any replacements and that both Montero and Carroll left for clubs in direct competition with the Swans, as would have been the case it seems for James and Fer.
Once again those in charge of overseeing the club’s transfer dealings have allowed last minute departures to weaken our squad significantly without seemingly have any plans to bring any players in. The final day of the transfer window proved once again that the club seemingly has little interest in ensuring we are competitive on the pitch and is prepared to leave Graham Potter with a significantly reduced squad. Graham Potter had previously said that if players leave, players would be brought in. He presumably made this comment based on assurances he had been given and yet again, he has been let down.
To say that the club’s current transfer policy, such as it is, is short sighted is an understatement and highlights the inept way the club appears to be run now. It is not unreasonable to expect a professional football club to have a plan in place for a transfer window and contingency plans to replace any players who leave. It is also unclear who in the club is responsible for making decisions, allowing confusion to reign. While yesterday could have been much worse had James and Fer left as the club wanted, it does highlight a clear desire by the club to reduce costs at the expense of on field matters.
As a Trust, we fully support the need to run the club on a financially prudent basis and understand that changes are needed to reflect our reduced income in the Championship. However, in the continued absence of detailed financial information, the Trust is unable to confirm whether the desire to move players on is the result of that financial prudence or simply a lack of ambition by our majority owners and those afforded the privilege of running the club on a day to day basis.
It is clear that the club has not learned the lessons from the disasters of previous transfer windows, nor have the desperately needed changes been made to rid the club of the individuals responsible for the mistakes which led to our relegation from the Premier League. This is despite repeated requests over the past two and a half years for the majority owners to create succession plans for the changes needed and of course comments from those in situ, including the chairman, that their own roles would become untenable in the event of relegation. To be prepared to allow five players to leave the club on the final day of a month long transfer window with no replacements lined up is gross negligence on the part of those running the club.
We are disappointed to note the apparent lack of support by the board and owners for Graham Potter, who has steered his team to within sight of the play off places and with a very realistic chance of a second successive FA Cup quarter final. Given the words of the chairman just a few short weeks ago where he stated that a promotion challenge was there for the taking, the events of the transfer window suggest that this is very far from the club’s minds.
That the club was prepared to allow Dan James, a player just breaking into the first team, to leave at the first opportunity highlights a very real lack of ambition for the club and zero support for the manager. While we support the removal of some of the club’s top earners, to consider allowing young talent like Dan to leave goes against many of the principles on which we, and our manager, would like to pride ourselves.
There are two clear things that need to happen as a direct result of this transfer window. First and once again the Trust finds itself calling for the immediate removal of Huw Jenkins as chairman. Despite the excellent job that Mr Jenkins did in supporting the Swans’ rise to the Premier League he is also largely responsible for the horrendous transfer dealings of the past few years that resulted in both our relegation and the dire situation in which we now find ourselves, where the club is prepared to offload prized assets to our immediate rivals. We have long since suggested that the club’s majority owners should have considered succession planning to replace Mr Jenkins but these words have fallen on deaf ears and the result is the current situation. The club has to stop repeating the same mistakes and the removal of the chairman is the first step towards that happening. We should not forget that our inabilit y to move on the high earners has been a hindrance to us in the last two windows. This is a direct result of the transfer deals struck in previous windows where we have overpaid both in fees and wages for players who have failed to deliver on the pitch.
Secondly, we call on the club’s majority owners to be totally transparent and communicate to the fans the reasons for taking the decisions they have taken and were prepared to take. If the reasons are purely financial then why haven’t the significant cuts being made on the playing side been reflected off the pitch? The club has a number of highly-paid executives strongly rumoured to be paid in line with Premier League income rather than that of a financially prudent Championship club. It is time for those who made great play when they arrived of being so keen on the ownership model and close community club that they saw in Swansea City to stand true to those beliefs and be present in Swansea and accountable for the poor decisions they are making. Our wage bill off the pitch is as unsustainable in this division as we were told our on the pitch outgoings are, yet the people who made and continue to make those de cisions are still being paid as though they’re somehow considered to be doing an acceptable job. They clearly aren’t.
It is therefore well overdue that the club undertakes a full review of the off the field staff, overall costs and budgets and ensures these are in line with a club in the Championship with a vastly reduced income.
The continued reduction in numbers of the first team squad and the continued presence of the former shareholders and their extended families enjoying the hospitality of the football club are a smack in the face of the club’s supporters. For these reasons, the club is as far detached from its fan base now as it has ever have been in the club’s history.
Changes simply need to be made and the events of the most recent transfer window serve to highlight that beyond all doubt yet again.
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| Where has the money gone? on 18:14 - Feb 3 with 1724 views | _ |
| Where has the money gone? on 17:44 - Feb 3 by Elmo |
Apparently they have - see the post by Uxbridge below (if link doesnt work: page 2 of the Trust Statement on Transfer Window thread, on friday evening)
Trust Statement on Transfer Window by Darran 1 Feb 2019 12:23Now that the transfer window has closed, the Trust notes with disappointment the fact that three players, Wilfried Bony, Jefferson Montero and Tom Carroll, have left with no replacements coming the other way to strengthen Graham Potter’s squad. It seems though that it could have been much worse, with the clear desire within the club to also move on Dan James and Leroy Fer. The Trust is relieved and pleased that both James and Fer are still Swansea City players, at least for now.
The Trust’s frustration is not that players have been allowed to leave but that there has been no effort to bring in any replacements and that both Montero and Carroll left for clubs in direct competition with the Swans, as would have been the case it seems for James and Fer.
Once again those in charge of overseeing the club’s transfer dealings have allowed last minute departures to weaken our squad significantly without seemingly have any plans to bring any players in. The final day of the transfer window proved once again that the club seemingly has little interest in ensuring we are competitive on the pitch and is prepared to leave Graham Potter with a significantly reduced squad. Graham Potter had previously said that if players leave, players would be brought in. He presumably made this comment based on assurances he had been given and yet again, he has been let down.
To say that the club’s current transfer policy, such as it is, is short sighted is an understatement and highlights the inept way the club appears to be run now. It is not unreasonable to expect a professional football club to have a plan in place for a transfer window and contingency plans to replace any players who leave. It is also unclear who in the club is responsible for making decisions, allowing confusion to reign. While yesterday could have been much worse had James and Fer left as the club wanted, it does highlight a clear desire by the club to reduce costs at the expense of on field matters.
As a Trust, we fully support the need to run the club on a financially prudent basis and understand that changes are needed to reflect our reduced income in the Championship. However, in the continued absence of detailed financial information, the Trust is unable to confirm whether the desire to move players on is the result of that financial prudence or simply a lack of ambition by our majority owners and those afforded the privilege of running the club on a day to day basis.
It is clear that the club has not learned the lessons from the disasters of previous transfer windows, nor have the desperately needed changes been made to rid the club of the individuals responsible for the mistakes which led to our relegation from the Premier League. This is despite repeated requests over the past two and a half years for the majority owners to create succession plans for the changes needed and of course comments from those in situ, including the chairman, that their own roles would become untenable in the event of relegation. To be prepared to allow five players to leave the club on the final day of a month long transfer window with no replacements lined up is gross negligence on the part of those running the club.
We are disappointed to note the apparent lack of support by the board and owners for Graham Potter, who has steered his team to within sight of the play off places and with a very realistic chance of a second successive FA Cup quarter final. Given the words of the chairman just a few short weeks ago where he stated that a promotion challenge was there for the taking, the events of the transfer window suggest that this is very far from the club’s minds.
That the club was prepared to allow Dan James, a player just breaking into the first team, to leave at the first opportunity highlights a very real lack of ambition for the club and zero support for the manager. While we support the removal of some of the club’s top earners, to consider allowing young talent like Dan to leave goes against many of the principles on which we, and our manager, would like to pride ourselves.
There are two clear things that need to happen as a direct result of this transfer window. First and once again the Trust finds itself calling for the immediate removal of Huw Jenkins as chairman. Despite the excellent job that Mr Jenkins did in supporting the Swans’ rise to the Premier League he is also largely responsible for the horrendous transfer dealings of the past few years that resulted in both our relegation and the dire situation in which we now find ourselves, where the club is prepared to offload prized assets to our immediate rivals. We have long since suggested that the club’s majority owners should have considered succession planning to replace Mr Jenkins but these words have fallen on deaf ears and the result is the current situation. The club has to stop repeating the same mistakes and the removal of the chairman is the first step towards that happening. We should not forget that our inabilit y to move on the high earners has been a hindrance to us in the last two windows. This is a direct result of the transfer deals struck in previous windows where we have overpaid both in fees and wages for players who have failed to deliver on the pitch.
Secondly, we call on the club’s majority owners to be totally transparent and communicate to the fans the reasons for taking the decisions they have taken and were prepared to take. If the reasons are purely financial then why haven’t the significant cuts being made on the playing side been reflected off the pitch? The club has a number of highly-paid executives strongly rumoured to be paid in line with Premier League income rather than that of a financially prudent Championship club. It is time for those who made great play when they arrived of being so keen on the ownership model and close community club that they saw in Swansea City to stand true to those beliefs and be present in Swansea and accountable for the poor decisions they are making. Our wage bill off the pitch is as unsustainable in this division as we were told our on the pitch outgoings are, yet the people who made and continue to make those de cisions are still being paid as though they’re somehow considered to be doing an acceptable job. They clearly aren’t.
It is therefore well overdue that the club undertakes a full review of the off the field staff, overall costs and budgets and ensures these are in line with a club in the Championship with a vastly reduced income.
The continued reduction in numbers of the first team squad and the continued presence of the former shareholders and their extended families enjoying the hospitality of the football club are a smack in the face of the club’s supporters. For these reasons, the club is as far detached from its fan base now as it has ever have been in the club’s history.
Changes simply need to be made and the events of the most recent transfer window serve to highlight that beyond all doubt yet again.
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Why hasn't the Trust put people right on this subject having seen hundreds of posts about not seeing the accounts since June
It's disgusting |  |
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| Where has the money gone? on 18:19 - Feb 3 with 1706 views | SomethingRandom |
All directors are entitled to see the accounts. They can demand to see the accounts. They're also there for all to see on companies house. The yanks haven't taken the money, they've simply wasted it with the help of Huw on bad transfer dealings, wages and agents. So much was wasted on players who hardly played before being shipped out such as Baston or players who were never worth the fee such as Clucas.
All down to bad management in my view | |
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| Where has the money gone? on 18:27 - Feb 3 with 1670 views | _ |
| Where has the money gone? on 18:19 - Feb 3 by SomethingRandom |
All directors are entitled to see the accounts. They can demand to see the accounts. They're also there for all to see on companies house. The yanks haven't taken the money, they've simply wasted it with the help of Huw on bad transfer dealings, wages and agents. So much was wasted on players who hardly played before being shipped out such as Baston or players who were never worth the fee such as Clucas.
All down to bad management in my view |
That's the yearly accounts, The Mis-Trust have allowed everyone to believe they don't see the monthly management accounts, which they have all along.
Extremely worrying behaviour, it's like 2015 all over again when they blatantly lied about their Director not getting any money from the Club | |
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| Where has the money gone? on 18:36 - Feb 3 with 1639 views | SomethingRandom |
Directors are entitled to see the accounts at any time including management accounts. They can ask for any internal company information that they want.
The Trust is a different matter. As an outside party they aren't entitled to see the monthly financial information.
It's down to the Trust's director to analyse the information and provide feedback to the Trust. If he isn't capable of doing that then the Trust need to appoint someone else to the board who can. What he can't do is simply handover the financial information to the Trust. | |
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| Where has the money gone? on 18:36 - Feb 3 with 1635 views | JACKMANANDBOY |
| Where has the money gone? on 18:27 - Feb 3 by _ |
That's the yearly accounts, The Mis-Trust have allowed everyone to believe they don't see the monthly management accounts, which they have all along.
Extremely worrying behaviour, it's like 2015 all over again when they blatantly lied about their Director not getting any money from the Club |
What happened in 2015?
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| Where has the money gone? on 06:39 - Feb 4 with 1494 views | Dr_Winston |
| Where has the money gone? on 11:36 - Feb 3 by costalotta |
Innit!
But that’s too convenient and doesn’t fit the agenda / narrative of some of our fans. Gullible in the extreme. |
Wages to turnover ratio running at close to 90% with very little other income (gates, commercial) accounts for the £90m a year PL money on its own. What we received in on player sales was largely paid back out.
Chuck in the position we were in last summer, with a squad full of players on PL wages but income reduced by more than half and you don't really need to go looking for any kind of narrative. The club lost control of its finances. We went from buying smartly and being prudent to chucking millions at agents, the same way every other club does business. On and off the pitch we abandoned what had worked and now we're paying the price.
It's possible that money is being siphoned away. Hard to see where these spare millions come from though. As Uxy said in the other thread, all the Americans have to do is provide full transparency. It won't stop all of the speculation, but at least the facts will be out.
This post has been edited by an administrator |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Where has the money gone? on 08:51 - Feb 4 with 1417 views | Yossarian |
Fundamentally, look at the most obvious things first and apply the proven maxim that if it’s a choice between ‘Conspiracy’ and ‘Cockup’ then it’s almost certainly going to be ‘Cockup’. I honestly think the Yanks were not initially here to asset strip. I think they thought it was going to be a nice steady earner under a safe pair of hands that they could manage from afar. I think there’s a load of animosity now between the Yanks and the Sellouts because the Yanks realise they were sold a pup and that Jenkins, Dineen and the others aren’t as capable as they thought they were. They are responding in the only way they know how as businessmen- cut costs and get it back on an even keel. Why are we in this shit? Because Jenkins was totally out of his depth and believed he was better than he was....and because they became very insular, surrounding themselves with sycophants, there was also no one around to tell him some home truths. When you look at the transfer business it’s totally crazy. Who was doing the due diligence in these players? The fact that most of them were not suited to the playing style and were not the right character was obvious to most fans, and insult was added to injury by comical ncompetence over the the failures to re-secure Rodgers and Joe Allen. I would respectfully suggest that Jenkins and his close associates are primarily responsible for this mess. They could have protected their investment by securing an experienced Chief Executive with top contacts in the game but they were afflicted by delusions of competence and blinded by personal greed. For that, they ALL deserve condemnation. Forgiveness might be forthcoming, but the ball is firmly in their court. Their move. [Post edited 4 Feb 2019 8:53]
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| "Yossarian- the very sight of the name made him shudder.There were so many esses in it. It just had to be subversive" (Catch 22) |
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| Where has the money gone? on 08:54 - Feb 4 with 1405 views | _ |
| Where has the money gone? on 18:36 - Feb 3 by SomethingRandom |
Directors are entitled to see the accounts at any time including management accounts. They can ask for any internal company information that they want.
The Trust is a different matter. As an outside party they aren't entitled to see the monthly financial information.
It's down to the Trust's director to analyse the information and provide feedback to the Trust. If he isn't capable of doing that then the Trust need to appoint someone else to the board who can. What he can't do is simply handover the financial information to the Trust. |
But apparently he does as there's a whole sub group that get these accounts? | |
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| Where has the money gone? on 08:58 - Feb 4 with 1397 views | Devz00 |
| Where has the money gone? on 06:39 - Feb 4 by Dr_Winston |
Wages to turnover ratio running at close to 90% with very little other income (gates, commercial) accounts for the £90m a year PL money on its own. What we received in on player sales was largely paid back out.
Chuck in the position we were in last summer, with a squad full of players on PL wages but income reduced by more than half and you don't really need to go looking for any kind of narrative. The club lost control of its finances. We went from buying smartly and being prudent to chucking millions at agents, the same way every other club does business. On and off the pitch we abandoned what had worked and now we're paying the price.
It's possible that money is being siphoned away. Hard to see where these spare millions come from though. As Uxy said in the other thread, all the Americans have to do is provide full transparency. It won't stop all of the speculation, but at least the facts will be out.
This post has been edited by an administrator |
Top post. Sums up my feelings on this. The last paragraph rings true as nobody can prove that the yanks are siphoning money out. I personally can’t see how they’ve taken tens of millions out, which is what the rumours are. They might have but nobody can prove it yet. |  |
| Genetically, paedophiles have more genes in common with crabs than they do with you and me. Now that is scientific fact. There's no real evidence for it, but it is scientific fact. |
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| Where has the money gone? on 09:04 - Feb 4 with 1383 views | jasper_T |
| Where has the money gone? on 06:39 - Feb 4 by Dr_Winston |
Wages to turnover ratio running at close to 90% with very little other income (gates, commercial) accounts for the £90m a year PL money on its own. What we received in on player sales was largely paid back out.
Chuck in the position we were in last summer, with a squad full of players on PL wages but income reduced by more than half and you don't really need to go looking for any kind of narrative. The club lost control of its finances. We went from buying smartly and being prudent to chucking millions at agents, the same way every other club does business. On and off the pitch we abandoned what had worked and now we're paying the price.
It's possible that money is being siphoned away. Hard to see where these spare millions come from though. As Uxy said in the other thread, all the Americans have to do is provide full transparency. It won't stop all of the speculation, but at least the facts will be out.
This post has been edited by an administrator |
The only point to disagree with here is that we were run "the same way every other club does business". Comparing our spending to other relegated clubs suggests we were performing far worse than most clubs in that regard. Stoke and West Brom didn't come down with nearly the same number of high earners (no £120k and £90k/week men) or as obscene an overall wage:turnover ratio. | | | |
| Where has the money gone? on 09:09 - Feb 4 with 1365 views | Lord_Bony |
Laudrup will go down as one of the best managers we've had,a pity his hands were tied. It got like the Senate of Ancient Rome in the end...the knives were out for him.
The turning point came when the American consortium took over and we lost the Swansea Way and our identity on and off the pitch. We then appointed Bob "fickwit" Bradley as an experiment for the yanks...disaster.
Guindolin had a lot of potential,we should have backed him,again the knives were out. And on it went with the managers. Many came and went more money.
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The transfer decisions were also disastrous It's not as if the Swans haven't splashed the cash. Mesa cost £11m, Sam Clucas £17m. Who on earth sanctioned those sums of money for those players? Hmm, more money down the drain.
Let's hope the new dof knows what he's doing.
This post has been edited by an administrator |  |
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| Where has the money gone? on 09:10 - Feb 4 with 1362 views | jack2jack |
| Where has the money gone? on 18:36 - Feb 3 by SomethingRandom |
Directors are entitled to see the accounts at any time including management accounts. They can ask for any internal company information that they want.
The Trust is a different matter. As an outside party they aren't entitled to see the monthly financial information.
It's down to the Trust's director to analyse the information and provide feedback to the Trust. If he isn't capable of doing that then the Trust need to appoint someone else to the board who can. What he can't do is simply handover the financial information to the Trust. |
Sorry SR, but you say the trust is different, how can that be,, they are shareholders in the club and entitled to see the accounts at anytime.
Or have I misinterpreted your post👠|  | | |
| Where has the money gone? on 09:55 - Feb 4 with 1310 views | jasper_T |
| Where has the money gone? on 09:10 - Feb 4 by jack2jack |
Sorry SR, but you say the trust is different, how can that be,, they are shareholders in the club and entitled to see the accounts at anytime.
Or have I misinterpreted your post👠|
Shareholders aren't entitled to see the accounts at any time (only annual accounts). He's saying directors are. The Trust have a director on the board but that's an individual. The NDA situation regards his ability to share what he sees with the trust at large (non-directors). | | | |
| Where has the money gone? on 10:07 - Feb 4 with 1292 views | Dr_Winston |
| Where has the money gone? on 09:04 - Feb 4 by jasper_T |
The only point to disagree with here is that we were run "the same way every other club does business". Comparing our spending to other relegated clubs suggests we were performing far worse than most clubs in that regard. Stoke and West Brom didn't come down with nearly the same number of high earners (no £120k and £90k/week men) or as obscene an overall wage:turnover ratio. |
Fair comment, even though thanks to Coates Stoke are more able to absorb such losses. We weren't.
We went from signing Michu and Flores for £4m combined with DeGuzman on loan to paying £15m just for for Clucas. Doesn't take much analysis to pinpoint where things went wrong. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Where has the money gone? on 10:11 - Feb 4 with 1284 views | jasper_T |
| Where has the money gone? on 10:07 - Feb 4 by Dr_Winston |
Fair comment, even though thanks to Coates Stoke are more able to absorb such losses. We weren't.
We went from signing Michu and Flores for £4m combined with DeGuzman on loan to paying £15m just for for Clucas. Doesn't take much analysis to pinpoint where things went wrong. |
Yeah it's not why Stoke were able to keep spending (that's thanks to gambling addicts and predatory advertising practices) but is relevant to our current financial situation. Our spending last season was insane. | | | |
| Where has the money gone? on 10:52 - Feb 4 with 1235 views | monmouth |
| Where has the money gone? on 10:11 - Feb 4 by jasper_T |
Yeah it's not why Stoke were able to keep spending (that's thanks to gambling addicts and predatory advertising practices) but is relevant to our current financial situation. Our spending last season was insane. |
Bony and Ayew alone are the difference between us and a much stronger position. It makes me want to weep because everyone except those making the decision knew they would have an extraordinarily low probability of coming off.
We still should have made it mind. I charge Carvalhal with both the praise for the fact we should have and blame for the fact we didn’t. |  |
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| Where has the money gone? on 10:58 - Feb 4 with 1216 views | jasper_T |
| Where has the money gone? on 10:52 - Feb 4 by monmouth |
Bony and Ayew alone are the difference between us and a much stronger position. It makes me want to weep because everyone except those making the decision knew they would have an extraordinarily low probability of coming off.
We still should have made it mind. I charge Carvalhal with both the praise for the fact we should have and blame for the fact we didn’t. |
It's Clement's fault we're in this pickle. If he'd let us go down in his first season we could've trousered the Gylfi and Llorente money and not splurged on Andre, Wilf, Clucas, Mesa, Sanches, Tammy and Andy King.
The club made a profit in 16-17. The kids had just won PL2 division 2 and the cup. That extra season of hanging on by the fingernails gained us next to nothing and was financially ruinous. | | | |
| Where has the money gone? on 11:11 - Feb 4 with 1178 views | DrGonzo |
| Where has the money gone? on 10:58 - Feb 4 by jasper_T |
It's Clement's fault we're in this pickle. If he'd let us go down in his first season we could've trousered the Gylfi and Llorente money and not splurged on Andre, Wilf, Clucas, Mesa, Sanches, Tammy and Andy King.
The club made a profit in 16-17. The kids had just won PL2 division 2 and the cup. That extra season of hanging on by the fingernails gained us next to nothing and was financially ruinous. |
Absolutely bang on. We had a stay of execution and ultimately it's been twice as painful. |  | | |
| Where has the money gone? on 11:12 - Feb 4 with 1178 views | Dr_Winston |
| Where has the money gone? on 10:58 - Feb 4 by jasper_T |
It's Clement's fault we're in this pickle. If he'd let us go down in his first season we could've trousered the Gylfi and Llorente money and not splurged on Andre, Wilf, Clucas, Mesa, Sanches, Tammy and Andy King.
The club made a profit in 16-17. The kids had just won PL2 division 2 and the cup. That extra season of hanging on by the fingernails gained us next to nothing and was financially ruinous. |
If Clement had been less cautious with the squad we started last season with we'd probably have survived. CC got results out of them until Fer got injured. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Where has the money gone? on 11:15 - Feb 4 with 1168 views | Thornburyswan |
| Where has the money gone? on 18:19 - Feb 3 by SomethingRandom |
All directors are entitled to see the accounts. They can demand to see the accounts. They're also there for all to see on companies house. The yanks haven't taken the money, they've simply wasted it with the help of Huw on bad transfer dealings, wages and agents. So much was wasted on players who hardly played before being shipped out such as Baston or players who were never worth the fee such as Clucas.
All down to bad management in my view |
Yup - which is exactly what happens when you bring in a board backed by 27 investors who have little or no knowledge of the Premiership/football league in the UK & then chose to keep on a number of the 'old guard' who had openly admitted they'd taken the club as far as they could - piss-up & brewery come to mind!
This was always likely to happen, just a matter of when & how much pain it would bring - I fear that unless our American friends wake up & smell the coffee asap (experienced DOF plus commitment to pay down some of the debt/hole from the resources of the 27 plus the Trust if it's up for that) then come the summer we'll be waving goodbye to GP plus Rodon/Roberts. | | | |
| Where has the money gone? on 21:18 - Feb 4 with 1043 views | Gowerjack |
| Where has the money gone? on 08:51 - Feb 4 by Yossarian |
Fundamentally, look at the most obvious things first and apply the proven maxim that if it’s a choice between ‘Conspiracy’ and ‘Cockup’ then it’s almost certainly going to be ‘Cockup’. I honestly think the Yanks were not initially here to asset strip. I think they thought it was going to be a nice steady earner under a safe pair of hands that they could manage from afar. I think there’s a load of animosity now between the Yanks and the Sellouts because the Yanks realise they were sold a pup and that Jenkins, Dineen and the others aren’t as capable as they thought they were. They are responding in the only way they know how as businessmen- cut costs and get it back on an even keel. Why are we in this shit? Because Jenkins was totally out of his depth and believed he was better than he was....and because they became very insular, surrounding themselves with sycophants, there was also no one around to tell him some home truths. When you look at the transfer business it’s totally crazy. Who was doing the due diligence in these players? The fact that most of them were not suited to the playing style and were not the right character was obvious to most fans, and insult was added to injury by comical ncompetence over the the failures to re-secure Rodgers and Joe Allen. I would respectfully suggest that Jenkins and his close associates are primarily responsible for this mess. They could have protected their investment by securing an experienced Chief Executive with top contacts in the game but they were afflicted by delusions of competence and blinded by personal greed. For that, they ALL deserve condemnation. Forgiveness might be forthcoming, but the ball is firmly in their court. Their move. [Post edited 4 Feb 2019 8:53]
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Faultless.
Absolutely spot on. |  |
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